- Affirm set new records in most of its metrics during Q4 2025, surpassing typical peak periods.
- CEO Max Levchin highlighted that the quarter's results were exceptionally strong and unusual for a fiscal fourth quarter.
- The company experienced accelerating growth, with increased originations and GMV, indicating robust demand.
- Leadership expressed confidence that the growth momentum will continue into the next fiscal year.
- The record-breaking performance was achieved despite typical seasonal fluctuations, emphasizing operational strength.
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- Global Housing adjusted EBITDA increased 25% in first 6 months, excluding reportable catastrophes.
- Growth driven by increased demand for lender-placed insurance amid a hardening market.
- Significant expense leverage of over 700 basis points over 2 years.
- Addition of approximately 300,000 loans from new mortgage servicing partner in Q3.
- Ongoing technology investments enhance efficiency, including digitization of millions of documents.
- Growth in renters segment supported by tech-enabled services and platform expansion.
- Achieved a year-to-date combined ratio of 87% excluding cats, on track for mid-80s full-year ratio.
- Achieved record revenue of $226.3 million, up 5% YoY.
- Adjusted earnings per share of $0.74, return on assets of 1.54%, and return on tangible common equity of 20%.
- Profitability primarily driven by a robust net interest margin of 4.05%, a 17 basis point increase from Q1.
- First Merchants delivered 9.1% annualized loan growth and $0.98 earnings per share in Q2 2025.
- Net charge-offs were low at 0.07% of average loans annualized, with a provision reflecting improved asset quality and macroeconomic factors.
- Net income was $56.4 million, up 43% year-over-year, supported by improved credit quality and a lower provision for credit losses of $5.6 million versus $24.5 million in Q2 2024.
- Net interest income increased by $2.7 million and noninterest income by $1.3 million in Q2.
- Noninterest expense was well controlled at $93.6 million, a modest increase primarily due to marketing and loan origination costs.
- Noninterest income totaled $31.3 million, with customer-related fees up $1.6 million year-over-year, driven by mortgage sales and treasury management fees.
- Return on assets was 1.23% and efficiency ratio was 54%, reflecting strong operational discipline.
- Tangible common equity ratio improved to 8.92%, above target, supporting capital flexibility.
- Year-to-date net income was $111.2 million, a 28% increase from 2024, with earnings per share up 30% to $1.92.
- Morgan Stanley reported record revenues of $18.2 billion and EPS of $2.80 for Q3 2025, highlighting exceptional financial performance.
- The firm demonstrated a robust return on tangible equity of 23.5%, reflecting strong operating leverage across its business segments.
- Total client assets increased by $1.3 trillion over the past year to reach $8.9 trillion, underscoring the firm's scale and client engagement.
- The firm maintains excess CET1 capital over 300 basis points, indicating significant capital strength and buffer.
- Management emphasized the importance of earnings durability and capital resilience amid geopolitical and economic uncertainties.
- The firm’s strategic focus remains on delivering consistent earnings and capital growth, with ongoing investments in technology and client services.
- 30-day delinquency rate improved to 6.6%, down 50 basis points sequentially and 30 basis points year-over-year.
- Book value per share reached $36.43 at quarter end.
- Capital generation was $16.9 million in Q2, with $26.8 million year-to-date.
- Net credit loss rate was 11.9%, improving 50 basis points sequentially and 80 basis points year-over-year.
- Net receivables grew by $70 million sequentially and were up 10.5% year-over-year.
- Operating expense ratio improved to 13.2%, an all-time best and 60 basis points better year-over-year.
- Quarterly revenue reached a record $157 million, up 10% year-over-year.
- Regional Management delivered net income of $10.1 million and diluted EPS of $1.03 in Q2 2025, a 20% year-over-year improvement.
- Returned $17.6 million to shareholders year-to-date via $11.6 million in stock repurchases and $6.1 million in dividends.
- Total originations hit a record $510 million, up 20% year-over-year.
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